§31-15A-16. Dedication of Severance Tax Proceeds
(a) There shall be dedicated an annual amount from the collections of the tax collected pursuant to article thirteen-a, chapter eleven of this code for the construction, extension, expansion, rehabilitation, repair and improvement of water supply and sewage treatment systems and for the acquisition, preparation, construction and improvement of sites for economic development in this […]
§31-15A-17. Water Development Authority Empowered to Issue Infrastructure Revenue Bonds and Refunding Bonds; Creation of Infrastructure Revenue Debt Service Fund; Funding of Infrastructure Revenue Debt Service Fund; Requirements and Manner of Such Issuance
(a) To accomplish the purpose and intent of this article, the water development authority is hereby empowered at the written request of the council to issue from time to time infrastructure revenue bonds of the state in such principal amounts as the council deems necessary to make loans and loan guarantees and other forms of […]
§31-15A-8. Exemption of Certain Emergency Projects From Certificate of Public Convenience and Necessity Requirements; Review of Certain Emergency Projects by Public Service Commission; and Exemption for North Fork Hughes River Watershed Project
(a) If the council determines a project to be an emergency and the emergency project will be funded solely with grant money for the extension of an existing certificated water facility or wastewater facility, and if the council finds in its recommendation that the construction and acquisition of the emergency project will have no effect […]
§31-15A-9. Infrastructure Fund; Deposits in Fund; Disbursements to Provide Loans, Loan Guarantees, Grants and Other Assistance; Loans, Loan Guarantees, Grants and Other Assistance Shall Be Subject to Assistance Agreements; West Virginia Infrastructure Lottery Revenue Debt Service Fund; Use of Funds for Projects
(a) The Water Development Authority shall create and establish a special revolving fund of moneys made available by appropriation, grant, contribution or loan to be known as the West Virginia Infrastructure Fund. This fund shall be governed, administered and accounted for by the directors, officers and managerial staff of the Water Development Authority as a […]
§31-15A-10. Recommendations by Council for Expenditures of Funds by Loan, Grant, or for Engineering Assistance
(a) To further accomplish the purpose and intent of this article, the Water Development Authority shall use the moneys in the Infrastructure Fund created pursuant to 31-15A-9 of this code, upon receipt of one or more recommendations from the council pursuant to 31-15A-5 of this code, to make loans, with or without interest, loan guarantees, […]
§31-15A-11. Reservation of Funds for Projects and Infrastructure Projects
Eighty percent of the funds deposited in the West Virginia infrastructure fund shall be dedicated for the purpose of providing funding for the cost of projects as defined in subsection (n), section two of this article. Twenty percent of the funds deposited in the West Virginia infrastructure fund shall be dedicated for the purpose of […]
§31-15A-12. Additional Powers of Water Development Authority
To accomplish the purpose and intent of this article, the water development authority is hereby empowered, in addition to all other powers granted to it under this code, upon approval of the council, to (1) enter into agreements or other transactions with any federal or state agency in connection with any infrastructure project or project; […]
§31-15A-13. Prohibition on Funds Inuring to the Benefit of or Being Distributable to Water Development Board; Transactions Between the Water Development Board and Officers Having Certain Interests in Such Transactions
No part of the infrastructure fund or the West Virginia infrastructure revenue debt service fund shall inure to the benefit of or be distributable to the water development board directors or officers of the water development authority except that the water development authority is authorized and empowered to pay reasonable compensation, other than to members […]
§31-15A-14. Termination or Dissolution
Upon the termination or dissolution of the water development authority, all rights and properties of the water development authority with respect to the infrastructure fund shall pass to and be vested in the state, subject to the rights of lienholders and other creditors.
§31-15A-15. Projects Not to Be Considered Public Improvements; Competitive Bid Requirements
(a) No project or infrastructure project acquired, constructed, maintained or financed, in whole or in part, by the water development authority shall be considered to be a "public improvement" within the meaning of the provisions of article five-a, chapter twenty-one of this code as a result of the financing. (b) The state and its subdivisions […]